Investors Purchase High Volume of Call Options on Sportsman’s Warehouse (NASDAQ:SPWH)

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) was the recipient of unusually large options trading on Wednesday. Traders acquired 6,054 call options on the company. This is an increase of approximately 3,379% compared to the average daily volume of 174 call options.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Roth Mkm lowered their price target on Sportsman’s Warehouse from $3.50 to $2.50 and set a “buy” rating for the company in a report on Wednesday. B. Riley reiterated a “buy” rating and set a $3.00 price objective (down from $4.00) on shares of Sportsman’s Warehouse in a research note on Wednesday. Finally, Craig Hallum raised Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $2.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SPWH. Portolan Capital Management LLC acquired a new position in Sportsman’s Warehouse in the 3rd quarter valued at $2,565,000. Empowered Funds LLC grew its holdings in shares of Sportsman’s Warehouse by 5.2% during the fourth quarter. Empowered Funds LLC now owns 126,683 shares of the company’s stock worth $338,000 after buying an additional 6,225 shares in the last quarter. Jane Street Group LLC raised its position in shares of Sportsman’s Warehouse by 16.6% in the third quarter. Jane Street Group LLC now owns 225,473 shares of the company’s stock valued at $611,000 after buying an additional 32,073 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Sportsman’s Warehouse in the third quarter worth about $107,000. Finally, Barclays PLC boosted its position in Sportsman’s Warehouse by 25,025.0% during the third quarter. Barclays PLC now owns 38,190 shares of the company’s stock worth $103,000 after acquiring an additional 38,038 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Sportsman’s Warehouse Price Performance

NASDAQ:SPWH opened at $1.91 on Thursday. The firm has a market cap of $72.50 million, a price-to-earnings ratio of -2.17 and a beta of 0.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. The company has a 50 day moving average price of $1.52 and a 200-day moving average price of $2.17. Sportsman’s Warehouse has a 1-year low of $0.92 and a 1-year high of $4.44.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its earnings results on Tuesday, April 1st. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.12. The business had revenue of $340.40 million for the quarter, compared to analyst estimates of $328.67 million. Sportsman’s Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. Equities research analysts forecast that Sportsman’s Warehouse will post -0.65 EPS for the current year.

About Sportsman’s Warehouse

Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.